This is from 2 different articles, Cheers, Seamisty::In return...

This is from 2 different articles, Cheers, Seamisty::In return for shedding its debt, Living and Leisure will pay an upfront $30 million to MFS Premium Income Fund ::: Arctic has agreed to purchase $63 million of Living and Leisure from the Octaviar fund, subject to the completion of due diligence and documentation that is agreeable to Arctic.

In exchange for the approximately $7 million of remaining debt held by the Octaviar fund, Living and Leisure has agreed to issue the fund a $10 million zero interest note, repayable in two years after the rights offer.

The exchange would also see Living and Leisure issue the fund 88 million new Living and Leisure securities, following the rights offer, and options to subscribe to a further 88 million new Living and Leisure shares at the offer issue price in the 12 month period after the rights offer.